An IPO Base Buildup Underway - Northern Arc Capital Ltd

An IPO Base Buildup Underway - Northern Arc Capital Ltd

NORTHARC

📈 Pattern & Setup:

Northern Arc Capital is developing a strong IPO base structure after months of sideways consolidation. The stock has seen multiple shakeouts around the 260-270 zone, shaking off weak hands and allowing accumulation to take place quietly.

The structure shows a steady series of higher lows, hinting at increasing institutional interest. The resistance zone near 280–285 remains the key neckline — a breakout above this level could confirm the start of a fresh uptrend targeting the 350+ zone.

📝 Trade Plan:

✍Entry: Above 285 (breakout confirmation)

🚩Stop-Loss: 260 (below recent higher low)

🎯Targets:

Target 1 → 320
Target 2 → 370 (39% potential move)

💡 Pyramiding Strategy:

1. Enter with 60% position above 285
2. Add remaining 40% above 300 with strong volume confirmation
3. Trail stop-loss to 270 once price sustains above 310

🧠 Logic Behind Selecting this Trade:

IPO base formations often act as powerful launchpads for new trends. Northern Arc has absorbed supply through consistent shakeouts and tight price action near the resistance. Volume patterns also reflect quiet accumulation, making this one a high-probability breakout candidate if it crosses the neckline with conviction.

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🔴Disclaimer:

This analysis is for educational purposes only. Not a buy/sell recommendation. Please do your own research or consult your financial advisor before trading.